Since the 7-July peak, ADABTC printed a lower high and prices are now moving below EMA10.
If you read me... You know that closing below EMA10 switches the potential to bearish.
We also have a bearish cross starting to take place on the MACD and a retrace now is something we would expect.
On the chart above I marked the most important support levels based on...
Exide Industries - CMP - ₹156.20 Dt. - 13-07-2020
In the historical daily chart, the price has respected the cross of 21DEMA and 50DEMA and gave a good trend on both sides. On 13-07-2020 the 21DEMA is all set to cross above the 50DEMA and if tomorrow it crosses above 50DEMA with good volume then the stock can give return up to 8-10% in 8-9 trading sessions.
RSI...
Looking at Bitcoin (BTCUSD) Short-Term, 4H timeframe, a bullish jump is possible.
We have a higher low after the MA200 rejection and prices are now trading above EMA10/50/100.
The RSI remains above 50 and the MACD allows for this move even though it is mixed.
NOTE
Even though this short-term bullish move is possible, there are many mixed signals here and...
Ichimoku, MACD and RSI, all point towards another downtrend. The U.S. not able to control the surge in new COVID-19 cases is also not helping the index fundamentally. Below 96 again??
The breakout could occur from triangle or the stock can stay range bounded for some days. Watch MACD, the stock is likely to move up or down in upcoming days.
FEDERAL BANK is in its common support and resistance line. There may an uptrend or a downtrend in the start of the day and then it may follow it. Here the MACD and Moving Average has shown a crossover in the 15 mins period, so credibly an uptrend may occur.
Here we have another view at Bitcoin (XBTUSD) but this time on the 4h timeframe...
We have multiple lower highs...
We also have some higher lows but the EMAs and MA200 give away the tendency...
If prices were trading above MA200, we would be strongly bullish but in this case, we see prices trading below MA200 (black line) on top of other bearish signals.
The...
The monthly chart is showing a double bottom pattern. As per my analysis, this will test 130 levels in near term. A long position can be taken to c capitalize on the move. Also the MACD crossover on a monthly timeline backs it up as it suggests bullish trend has started on a monthly time frame.
This analysis is only for learning purpose, invest at your own risk...
Rising wedge with negative RSI & MACD Divergence spotted. Trade only when the trendline is broken. Strong possibility that nifty could head till 11,700 and then fall so just keep track of it.
Weekly Chart analysis here ->
Fundamental positive cues:
1. Indian Govt. news on regulating tariff and facilities of LNG to boost demand
2. Decreased impact on financial performance in spite of lockdown
3. June and July seeing an increase in storage and pipeline utilization in its major sites (Dahej Terminal) compared to April / May
4. Permission granted to open LNG stations across the...
Study - A falling wedge pattern is observed in 1 hr TF. It must give a break out (close abv) to have the momentum shift upwards.
OC looks bullish; PCR is bullish; PCR vol is bullish.
ABC correction seems to be completed. RSI is bullish. MACD crossover happened in 1 hr TF.
At present NOTA. Need to wait till BO happens.
*This chart is for educational purpose only.
After the block deal of share transfer between the holding entities, Siemens India rallied and consolidated near the upper trend line of the triangle pattern.
On 03 July 2020, long green candle was formed in day chart above the upper trend line of the triangle pattern. Volume saw a huge spike indicating a big money move.
If the price sustains above the upper...
JK LAKSHMI CEMENT make wedge pattern and MACD also indicate bullish crossover
Go long if stock is open higher then its previous closing and SL is last closing low
Mindtree in 1 hour time frame show rising wedge pattern and MACD indicate bearish crossover
go short if stock it's previous day low
see price action, if stock open higher then previous day close then avoid
movement is getting slow RSI, MACD, suggests that the market can fall in the next few sections, also as you can see in the chart higher high not met it can be a chance of market reversal. as every time first finical fall then market also in nifty 38% holing come from banks.
